For the first time Bitcoin briefly cost more than $ 17,000 across the board. The not undisputed digital currency rose significantly on Monday evening on all major trading venues. Occasionally it went even further towards a new record high in the range of $ 18,000. On Tuesday morning, Bitcoin lost value before it crossed the $ 17,000 mark again.
The added value came shortly after the digital currency, once used only by computer experts, took a big step towards the classic financial market.
“I think this [crypto] is going to be the biggest bubble of our lifetimes by a longshot,” Former Fortress hedge fund manager Michael Novogratz said in November. “To be fair, this is a bubble and there’s a lot of fraud mixed in. We look at tons of projects. And some get funded, and they literally look like Ponzi’s. There’s a lot of froth and fraud in something that’s exciting as this.”